NEW YORK (
Health Management Associates Incorporated
) hit a new 52-week high Friday as it traded at $10.88 compared with its previous 52-Week high of $10.78. Health Management Associates is changing hands at $10.85 with 991,216 shares traded as of 10:26 a.m. ET. Average volume has been 3.7 million shares over the past 30 days.
Health Management Associates has a market cap of $2.6 billion and is part of the
industry. Shares are up 8.1% year to date as of the close of trading on Thursday.
Health Management Associates, Inc., together with its subsidiaries, primarily owns and operates general acute care hospitals in non-urban communities principally in the southeastern United States. The company has a P/E ratio of 15.6, below the average health services industry P/E ratio of 16.9 and below the S&P 500 P/E ratio of 16.
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TheStreet Ratings rates Health Management Associates as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
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